Germany imported 154.98 thousand tonnes of rolled steel products from 3rd countries in January–February 2024, a 1% increase over the same period in 2023. This is based on calculations made by the Eurostat data.
Over the course of two months, imports of flat products rose 42.1% year over year, while imports of long products fell 9.1% year over year to 42.65 thousand tonnes and 112.33 thousand tonnes, respectively. In January-February 2024, over 72.5% of Germany’s total steel imports were made up of long products.
The majority of imports were made up of rebar (34.36 thousand tonnes, -22% y/y), wire rod (19.99 thousand tonnes, +83.5% y/y), and other rods and bars, specifically made of corrosion-resistant steel angles, shapes, and special profiles (11.77,000 tonnes, +10.3% y/y).
Germany imported 78.99 thousand tonnes of rolled steel products in February, a 4.8% year-over-year decrease. Long product supplies rose 1.7% year over year to 69.03 thousand tonnes. While flat product supplies decreased 34% year over year to 9.97 thousand tonnes.
Long Products Dominate Germany’s Steel Imports, Constitute Over 72.5% in Early 2024
Over the course of two months, Germany’s steel exports rose by 10.2% year over year to 643.81 million tonnes. Specifically, exports of long products rose 10.5% year over year to 258.97 thousand tonnes, and exports of flat products increased by 10% year over year to 384.84 million tonnes.
Coated flat products accounted for 123.82 thousand tonnes (+3.1% y/y) of exports, followed by flat products made of other alloy steels at 104.85 thousand tonnes (+32.1% y/y) and non-alloy steel angles, shapes, and special sections at 85.96 thousand tonnes (+43.3% y/y).
Germany shipped 319.82 thousand tonnes of rolled steel in February of this year, a 6.6% increase from February 2022. Exports of flat products rose 6.1% year over year to 185.48 thousand tonnes. While exports of long products raised 7.4% year over year to 134.34 thousand tonnes.
World Steel lists Germany as one of the top ten global producers of steel.
The nation’s steel output fell 3.9% annually in 2023 to 35.4 million tonnes, placing it eighth among the world’s producers.
Rolling steel product imports fell to 759.99 thousand tonnes last year, a 31.9% decrease from 2022. The amount of steel exported fell to 3.36 million tonnes, a 7.8% decrease from 2022.
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